Nokian Reports Increases Sales and Profits - Tire Review Magazine

Nokian Reports Increases Sales and Profits

(Staffordshire, U.K./Tyres & Accessories) In 2006, Nokian Tyres’ net sales grew 21.8 per cent to 835.9 million euros (2005: 686.5 million euros).

Operating profit totalled 153.1 million euros (115.8million euros in 2005) and earnings per share increased to 0.88 euros compared with 0.70 euros the year before. Profit for the period amounted to 107.3 million euros compared with 82.2 million euros the year before. The Board has proposed that a dividend of 0.31 per share be paid. According to a statement detailing the results, the company is well positioned for strong sales growth and improved profits in 2007 in line with the previous years.

You May Also Like

Gallery: Turbo Wholesale Tire open house

Highlights from this year’s annual Turbo Wholesale Tires open house event, which featured a trade show, dinner and buyers event.

Turbo-Wholesale-Tires-open-house-raffle

Turbo Wholesale Tires recently held its annual open house event, where it introduced the new Lexani Volt-EC EV tire. However, as any of the hundreds of people in attendance will tell you, the event included much more than a tire launch. After registration, guests entered Turbo's new tire-filled warehouse, with half the space set aside for the tire companies and dealers, food and drinks, games and stage with a nearby pile of 89 prizes worth over $25,000.

Ascot Supply Corp. promotes Mark Paquette to vice president

Paquette will work under the direction of current President David Kessler and officially begin his new role on June 3.

Mark-Paquette-Ascot-Supply
TIA applauds EPA study on crumb rubber infill for sports

The study concluded that differences in measurements between players using fields with crumb rubber infill and those using grass fields were negligible.

Roy-Littlefield
Apollo Tyres commissions new tulip variant for 15th anniversary of Vredestein acquisition

The “Kanwar Tulip” has purple petals, which Apollo executives say echo the primary hue of the Apollo Tyres logo.

apollo-tyres-tulip-variant-vredestein
How family and community ties compound the success of McMahon’s Best-One

With 13 locations and counting, McMahon has close-knit ties to the communities it serves and is elevating professionalism in the tire industry.

McMahon-Best-One-1920

Other Posts

How family and community ties compound the success of McMahon’s Best-One

With 13 locations and counting, McMahon has close-knit ties to the communities it serves and is elevating professionalism in the tire industry.

McMahon-Best-One-1920
Continental celebrates U.S. tire manufacturing plant anniversaries

Continental is celebrating five years in Clinton, MS, 10 years in Sumter, SC and 50 years in Mount Vernon, IL plants.

Continental_clinton-manufacturing-plant
Goodyear recalls certain G622 RSD, size 225/70R19.5 tires

According to NHTSA, affected tires contain a tire identification number (TIN) that is missing the four-digit week and year code mark.

Recall
What can you tell about an engine from a dirty spark plug?

Spark plug condition can reveal valuable clues about short and long-term engine issues if you know what to look for.

TR-Continental-dirty spark plug